Name: ______________________ 801 Integrated Algebra

In class, we have become familiar with the formulas for simple and compound interest:
Simple Interest Compound Interest
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where I = simple interest, B = balance, p = principal amount, r = interest rate, and t = time (in years).

Interest is a topic that is commonly talked about in the world outside the classroom. Your task is to find
two examples of bank accounts (in newspapers, online, etc.) and compare the amount of simple interest
and compound interest you would gain if the same amount of money was deposited into each of the
accounts for five years. In your comparison, you will explain which account was better for your savings
and why. Your math calculations should be supported by your explanation and much detail must be
provided.

Your grade for this project will be based on the following rubric.

Unsatisfactory Satisfactory Outstanding Total

Presentation Project is sloppy and Some effort was shown Student has placed much
(25 points) effort in the in presentation. effort into the looks and
presentation has not (i.e.areas are done in design of their work. Lots of
been shown. pencil.) color and detail is used.
(0-10 points) (11 – 20 points) (21 – 25 points) 25
Advertisement <2 advertisements Account At least two bank account
and are present and/or no advertisements are advertisements are present.
Comparison comparison is present but comparison Much information is
(25 points) included. is missing important included (bank name, rates,
information (rates, account limitations, etc.) A
account limitations, well-written comparison is 25
etc.) and is brief/vague. included with much detail.
(0 – 10 points) (11 – 20 points) (21 – 25 points)
Calculations Many mistakes are Work is shown but Math is done without error
(25 points) present, ratios are several errors are made. and all work is shown
not set up, or work completely.
is not shown.
(0 – 10 points) (11 - 20 points) (21 – 25 points) 25
Timeliness Project is turned in 2 Project is turned in 1-2 Project is turned in on time
(25 points) or more weeks late. weeks late. during class on 12/8 with this
(0 – 10 points) (11-20 points) rubric attached.
(21 – 25 points) 25
Teacher Comments:

100